[Solved] Surplus and Scarcity: two economic models Start Assignment

write between 300-400 words. Make sure you use quotations from both the Miller’s and Steward’s tales to support your ideas. The quotations can be short–often a line or two is all you need. Be sure to put the line numbers in parentheses after the quotation. Here’s an example:

“So the arrogant miller didn’t get his cake/ Or eat it, and lost his flour and got well beaten” (389-90). Notice the period comes after the parentheses. Also, show line endings with a slash as I’ve done in the example. 

Here is the prompt you will be responding to:

The Miller and the Steward each tell stories involve exchanges and transactions, though not usually involving money. Still, you could think of the world of each story as representing a kind of non-monetary economy involving what the characters “invest” in one another and what they hope to receive in return, even though these transactions are not financial ones. Think about how each story treats the idea of “profit” even when financial gain is not at stake (particularly in the Miller’s Tale). Use 2-3 specific examples and short quotations from each tale to analyze the transactional world of each story and how these worlds differ from one another in how they define a successful transaction. 

It may be helpful to think about how the “economy” of the Miller’s tale involves abundance and surplus while the Steward’s story takes place in an environment defined by scarcity and competition. The same is true for how both men talk about themselves in their introductions to their own stories. You could also think about the moral economy of the two very different worlds these storytellers create. Which of these worlds would you rather do business in?